Since the publication of part one of this paper, further deterioration in the Australia-China political and trading relationships has occurred. This paper seeks to identify if, where and how Australia can diversify its export base.

Over the past six months, the Chinese government has either denied, or given indication of restricting, a range of Australian exports. Given that alternative or substitute markets either do not exist, or take time and market development to form, this paper argues that a strategic reappraisal of Australia’s export base is required.